23/05/2024
Eni is an integrated energy company, headquartered in Italy, with
over 31.000 people in nearly 68 countries in the world. The company
commenced activities in Nigeria in 1962 , through a wholly owned
subsidiary – the Nigerian Agip Oil Company (NAOC) and has been
active ever since in hydrocarbon exploration and production as well
as power production.
Being a global company means we are well aware of the challenges
the world is faced with today, and our new mission sets out the
values which will drive us in helping it face them.
Our activities, grown over the years
At its commencement, Eni offered the Government of Nigeria the
option of participating in its Nigerian operations in the event of a
commercial discovery. It was the first International Oil and Gas
company operating in Nigeria to do so. This option was
subsequently exercised by the Federal Government in 1973, setting
the stage for the current Joint Venture (JV) arrangement in the
industry.
The activities of Eni in Nigeria have grown over the years. This has
led to its establishment of 2 other subsidiaries in the country ,
namely Agip Energy and Natural Resources (AENR), in 1980, and
Nigerian Agip Exploration (NAE), in 1996, to concentrate on the
company’s activities in the shallow water and deep offshore areas
respectively.
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In addition to its activities in the Upstream sector, Eni has also made
critical investments in Nigeria’s Gas and Power sectors, with equity
participations in both Nigerian LNG Limited (10.4%) and Brass LNG
Limited (20.8%). Eni has the distinction of being the first
International Oil and Gas company operating in Nigeria to invest in
an Independent Power Plant - the Okpai IPP.
With investments like these, Eni continues to demonstrate its
commitment to the socio-economic development of Nigeria . It is a
commitment that is evident in the company’s robust social
investments, supporting education, health, access to power,
capacity building and infrastructural development in hundreds of
co